totallyyours - Terrence Rasul, Realtor

totallyyours - Terrence Rasul,  Realtor This is where you will get some of the most recent Real Estate news pertinent to both buyers and sellers for Virginia area and in particular Loudoun County.

Operating as usual

Navy Federal offers $2,500 towards Closing Cost
Closing Cost Offer

Navy Federal offers $2,500 towards Closing Cost

Serving veteran mortgage loans and military mortgage loans. Great rates available for all military personnel.


From September 30th 2011, Loan limits for Conventional and FHA loans will be reduced to $625,000 from $729,000.

Very interesting report on existing home sales for February 2011
Sales Drop After Seeing Sustained Gains

Very interesting report on existing home sales for February 2011

NAR Chief Economist Lawrence Yun talks about February 2011 existing-home sales, which are down from the previous month, in his national press conference on March 21, 2011.


The Annual Mortgage Insurance Premiums is increasing for loans on or after April 18, 2011.

The impact (for a FHA down payment 3.5%):
Monthly payment increase = (SALES PRICE) x 2.01 x 10-4
e.g. $250,000 sale price
250,000 x 2.01 x 10-4 = 50.25

The monthly payment will increase by $50.25.

If you are thinking of buying soon, do it now and lock your loan before April 18, 2011.

Although prices are creeping up!
December Existing-Home Sales Jump

Although prices are creeping up!

Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of REALTORS®.


FHA Minimum Credit Score Reduced!

Prosperity Mortgage, an affiliate of Wells Fargo Bank has announced that Wells Fargo is the first and currently the only to offer loans to selected individuals with credit scores as low as 500 effective January 15, 2011. Only individuals who can show recent track record of rebuilding their credit are considered.

Contact Terrence at 703-433-0770 for more information.


Mortgage interest rates up today to 5% from about a month age when you could have gotten 4%, just another sign of recovery.

September Bank Foreclosures Reach New Record
Foreclosure Record: 100,000 Homes in 1 Month

September Bank Foreclosures Reach New Record

The nation's foreclosure epidemic gathered steam in September, with banks taking over more than 100,000 properties for the first time. Overall, filings rose 3 percent, according to RealtyTrac, an online service that tracks foreclosure rates.


46191 Westlake Dr
Sterling, VA

Opening Hours

Monday 08:00 - 21:00
Tuesday 08:00 - 21:00
Wednesday 08:00 - 21:00
Thursday 08:00 - 21:00
Friday 08:00 - 21:00
Saturday 09:00 - 21:00
Sunday 09:00 - 21:00


(703) 433-0770


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